The Audit Committee of a publicly traded is comprised of three members. One of the members is

Question:

The Audit Committee of a publicly traded is comprised of three members. One of the members is a retired Chief Financial Officer of a global bank headquartered in New York. She has extensive experience in managerial finance. However, she is not a CPA and never has worked in accounting or auditing.
The other two members of the Audit Committee inherited shares of stock in the from their parents and have no experience in corporate management or accounting. These two members each own 7% of the corporation's stock.
Does this corporation's Audit Committee comply with SOX?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...